Baker Hughes appoints Ahmed Moghal as CFO; reaffirms 2025 guidance

Baker Hughes Co

Ahmed Moghal appointed EVP and CFO effective Feb 24, 2025; succeeds Nancy Buese as advisor until April 30.
Moghal's base salary $750k, target bonus 100% of base, plus $2.155M top-up equity (50% RSUs, 50% PSUs).
Reaffirms 2025 guidance: solid EBITDA growth, 20% OFSE margin in 2025, 20% IET margin in 2026, 60-80% FCF return.
Buese's separation: lump sum equal to 12 months base salary, outplacement, prorated equity vesting, advisory fee $200k/month.
Disclosure: Moghal's spouse received £1.183M in 2024 compensation and £1.3M separation payment due July 2025.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Ahmed Moghal

Executive Vice President and Chief Financial Officer

BKR · Baker Hughes Co

Effective: 2025-02-24
Filed: February 24, 2025, 6:59 PM ET

the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) announced the appointment of Ahmed Moghal as Executive Vice President and Chief Financial Officer of the Company, effective February 24, 2025

Departed

Nancy Buese

Chief Financial Officer

BKR · Baker Hughes Co

Effective: 2025-02-24
Successor: Ahmed Moghal
Filed: February 24, 2025, 6:59 PM ET

Nancy Buese who, by mutual agreement with the Board, ceased to serve as Chief Financial Officer of the Company effective February 24, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ahmed Moghal was appointed as Executive Vice President and Chief Financial Officer at Baker Hughes Co.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) announced the appointment of Ahmed Moghal as Executive Vice President and Chief Financial Officer of the Company, effective February 24, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nancy Buese departed as Chief Financial Officer at Baker Hughes Co.

Action: ceased to serve
Role: Chief Financial Officer

Exact text from the filing

Nancy Buese who, by mutual agreement with the Board, ceased to serve as Chief Financial Officer of the Company effective February 24, 2025

View on SEC.gov

Baker Hughes Co filing history →

Source: SEC EDGAR

accession 0001193125-25-032863

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